One company that is starting to evolve into a leader with their state-of-the-art technology is WorldGate. Located in Trevose, Pennsylvania, WorldGate was founded in 1996 and has quickly become a leading provider of digital voice and video phone services along with next generation video phones to help unite family and friends whom are spread across the globe. Today, WorldGate made a major announcement that will enhance their future.
WorldGate announced to the business world that it will have a brand new corporate strategy as well as the launching of a new website. While WorldGate will remain the holding company for all divisions, the young company will expand to two divisions which will include Ojo Services and Ojo Labs. These two divisions will support the growing demand for its turn-key business solutions and state-of-the-art video phone technology, respectively.
To go along with this news, WorldGate has also worked on a new design for their website. The young company has unveiled updated Ojo logos for their website which will display a sleek new design. The website can be found at: www.ojoservices.com.
Leading the team at WorldGate is George E. Daddis, Jr. who serves as the CEO of the young company. When asked what today’s announcement means to the future of WorldGate, Daddis was quoted as saying, “Today’s announcement reflects our full commitment to the Ojo brand across our entire corporation and our strategy to continue to build upon that brand as we expand our market presence, our sales and distribution channels and our technological leadership.”
Currently, WorldGate is trading in the $0.47 range. With this breaking news and a strong corporate platform in place, WorldGate is definitely a company investors will keep an eye on.
To learn more about WorldGate, visit the company website at: www.ojoservices.com.
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Monday, August 2, 2010
China Armco Metals, Inc. (AMEX:CNAM) Begins Sending Shipments of Metal from Its Recycling Facility
China Armco Metals, Inc. (AMEX:CNAM), a distributor of imported metal ore and a metal recycler with a new state-of-the-art scrap metal recycling facility in China, recently announced that the company’s wholly owned subsidiary, Armet Renewable Resourced Co., Ltd., began shipments of metal from its recycling facility in June 2010.
Totaling approximately 10,000 metric tons, the second quarter shipments are the first quantity of end products produced and sold out of the new facility. Although production delays were experienced in the second quarter due to power generation issues, the company’s management team expects production at the facility to ramp significantly in the third and fourth quarters due to current supply contracts.
Mr. Kexuan Yao, chief executive officer and chairman of China Armco Metals, Inc., stated, “We are pleased to have reached this important milestone for our company. As we now ramp toward our goal of full production and the small startup issues are behind us, we believe the future for our company is brighter than ever.” Mr. Yao continued, “With the contracts, materials, manpower and equipment in place and operational, we now are in a position to realize our growth potential in the coming quarters and years for the benefit of our shareholders.”
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Totaling approximately 10,000 metric tons, the second quarter shipments are the first quantity of end products produced and sold out of the new facility. Although production delays were experienced in the second quarter due to power generation issues, the company’s management team expects production at the facility to ramp significantly in the third and fourth quarters due to current supply contracts.
Mr. Kexuan Yao, chief executive officer and chairman of China Armco Metals, Inc., stated, “We are pleased to have reached this important milestone for our company. As we now ramp toward our goal of full production and the small startup issues are behind us, we believe the future for our company is brighter than ever.” Mr. Yao continued, “With the contracts, materials, manpower and equipment in place and operational, we now are in a position to realize our growth potential in the coming quarters and years for the benefit of our shareholders.”
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Aquentium (AQNM.OB) Inc. Announces Distributorship Opportunities in France
Aquentium, Inc. announced yesterday that they are now offering distributorship opportunities for France. This is for the Company’s complete line of ozone (non-chemical) food processing, sanitation, and water treatment equipment. The design of the Aquentium ozone non-chemical sanitation equipment is for both cost savings and improved safety standards for food and beverage processors, hotels, restaurants, hospitals, and schools.
Ozone generates from Oxygen and is non-toxic. The use of ozone in the food industry has approval from the USDA and FDA, and has approval for organic certification. Ozone eliminates or reduces pathogens. It does so by destroying the cell wall. Pathogens cannot develop resistance to ozone as they can to antibiotics. Therefore, there is no danger of developing superbugs using ozone. The goal at Aquentium, Inc. and all of their distributors is to eliminate chemicals and hot water during the sanitation process.
The Company can extend the shelf life of food product with the Aquentium non-chemical process. Therefore, this means higher profits for processors and less waste for the consumer. Ozone is over 50 percent more effective than chemicals and over 3,000 times faster acting than chemicals. Ozone is also safer for workers because there are no chemicals to handle. In addition, with the Aquentium ozone equipment, a processor does not have to stop processing to do plant sanitation. Moreover, processors can expect a Return on Investment (ROI) in less than 12 months using the Aquentium equipment.
The Aquentium Cleaning Antimicrobial Systems is an ozone-based cold-water technology. It meets and exceeds the microbial reductions typically attained with conventional hot water and chemical applications. Benefits include up to 100 percent reduction of hot water, up to 100 percent reduction in sanitizer chemical, and up to 80 percent reduction in degreasers foaming agents. Benefits also include up to 68 percent reduced water volume, the system can be used in process, and is designed for direct product treatment (RTE) with no labeling requirements.
Designed for surface cleaning and sanitation, and direct product treatment, the Company’s cleaning antimicrobial systems provide multi-surface cleaning and sanitation for wettable food processing equipment; walls and floors; drains and chutes; tanks, barrels and totes; among other items. Application designs for existing CIP system conversions, as well as attachments for application in enclosed containers/tanks, are also available.
Headquartered in Perris, California, Aquentium Inc’s dedication is to bringing energy saving solutions and technologies to companies and countries throughout the world. They are involved in waste-to energy, alternative energy, water treatment, non-chemical sanitation equipment, recycling, structural insulated building panels, affordable housing, re-deployable/emergency housing and recycling. Their business also includes an ongoing effort to acquire or invest in new technologies or businesses.
For more information visit: www.aquentium.com
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Ozone generates from Oxygen and is non-toxic. The use of ozone in the food industry has approval from the USDA and FDA, and has approval for organic certification. Ozone eliminates or reduces pathogens. It does so by destroying the cell wall. Pathogens cannot develop resistance to ozone as they can to antibiotics. Therefore, there is no danger of developing superbugs using ozone. The goal at Aquentium, Inc. and all of their distributors is to eliminate chemicals and hot water during the sanitation process.
The Company can extend the shelf life of food product with the Aquentium non-chemical process. Therefore, this means higher profits for processors and less waste for the consumer. Ozone is over 50 percent more effective than chemicals and over 3,000 times faster acting than chemicals. Ozone is also safer for workers because there are no chemicals to handle. In addition, with the Aquentium ozone equipment, a processor does not have to stop processing to do plant sanitation. Moreover, processors can expect a Return on Investment (ROI) in less than 12 months using the Aquentium equipment.
The Aquentium Cleaning Antimicrobial Systems is an ozone-based cold-water technology. It meets and exceeds the microbial reductions typically attained with conventional hot water and chemical applications. Benefits include up to 100 percent reduction of hot water, up to 100 percent reduction in sanitizer chemical, and up to 80 percent reduction in degreasers foaming agents. Benefits also include up to 68 percent reduced water volume, the system can be used in process, and is designed for direct product treatment (RTE) with no labeling requirements.
Designed for surface cleaning and sanitation, and direct product treatment, the Company’s cleaning antimicrobial systems provide multi-surface cleaning and sanitation for wettable food processing equipment; walls and floors; drains and chutes; tanks, barrels and totes; among other items. Application designs for existing CIP system conversions, as well as attachments for application in enclosed containers/tanks, are also available.
Headquartered in Perris, California, Aquentium Inc’s dedication is to bringing energy saving solutions and technologies to companies and countries throughout the world. They are involved in waste-to energy, alternative energy, water treatment, non-chemical sanitation equipment, recycling, structural insulated building panels, affordable housing, re-deployable/emergency housing and recycling. Their business also includes an ongoing effort to acquire or invest in new technologies or businesses.
For more information visit: www.aquentium.com
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Kansas City Life Insurance Company (KCLI) Reports Higher Profit in Second Quarter Of 2010
Kansas City Life Insurance Company (KCLI) reported an increase in net income on a year over basis led by strong insurance sales and improving returns in its investment portfolio.
Kansas City Life Insurance Company reported net income of $10.1 million or $0.88 per diluted share for the second quarter of 2010, compared to net income of $8.0 million or $0.70 per diluted share in the corresponding quarter last year.
Kansas City Life Insurance Company reported sales of $105.9 million for the second quarter of 2010, compared to sales of $101.4 million in the second quarter of 2009. The company reported strength in sales of life insurance, immediate annuities and accident and health policies, and booked a total of $12.4 million in premiums from new policies in the quarter.
Kansas City Life Insurance Company reported a net unrealized gain of $114.7 million in the company’s investment portfolio as of 6/30/2010. The company also said that the total market value of the portfolio increased by $228 million from 6/30/2009.
Kansas City Life Insurance Company declared a $0.27 per share quarterly dividend to be paid on 8/11/2010 to shareholders of record on 8/5/2010. The stock has an annual yield of 3.3%.
Kansas City Life Insurance Company is an insurance company headquartered in Missouri. The company writes policies in forty-nine states and was founded in 1895.
For more information on the company, go to http://www.kclife.com/
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Kansas City Life Insurance Company reported net income of $10.1 million or $0.88 per diluted share for the second quarter of 2010, compared to net income of $8.0 million or $0.70 per diluted share in the corresponding quarter last year.
Kansas City Life Insurance Company reported sales of $105.9 million for the second quarter of 2010, compared to sales of $101.4 million in the second quarter of 2009. The company reported strength in sales of life insurance, immediate annuities and accident and health policies, and booked a total of $12.4 million in premiums from new policies in the quarter.
Kansas City Life Insurance Company reported a net unrealized gain of $114.7 million in the company’s investment portfolio as of 6/30/2010. The company also said that the total market value of the portfolio increased by $228 million from 6/30/2009.
Kansas City Life Insurance Company declared a $0.27 per share quarterly dividend to be paid on 8/11/2010 to shareholders of record on 8/5/2010. The stock has an annual yield of 3.3%.
Kansas City Life Insurance Company is an insurance company headquartered in Missouri. The company writes policies in forty-nine states and was founded in 1895.
For more information on the company, go to http://www.kclife.com/
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Equal Energy Ltd. (EQU) Adjusts 2010 Oil and Gas Capital Budget
Equal Energy Ltd. (EQU) reported that the company was altering its 2010 oil and gas development capital budget to increase the development of several of its core areas in North America.
Equal Energy Ltd. is increasing the budget for the development of the Cardium play in Alberta, Canada, and for the Circus Viola oil formation in Oklahoma. The company has already started drilling two horizontal wells at the Alberta project, and plans two more during August 2010.
Equal Energy Ltd will support this increased development by deferring drilling on the Hunton project, a liquids rich prospect located in Oklahoma. The company’s original capital plan called for drilling four horizontal wells in 2010 at the Hunton project, but due to the deferral the company will now spud only one well here.
The shift in capital will not impact the company’s guidance on production for 2010. Equal Energy Ltd. said that oil and gas production for 2010 would be toward the lower end of a range between 9,200 and 9,700 barrels oil equivalent per day.
Equal Energy Ltd. is an oil and gas exploration and production company with properties in the United States and Canada. The company’s other properties are located in British Columbia and Saskatchewan.
For more information on the company, go to http://www.equalenergy.ca/
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Equal Energy Ltd. is increasing the budget for the development of the Cardium play in Alberta, Canada, and for the Circus Viola oil formation in Oklahoma. The company has already started drilling two horizontal wells at the Alberta project, and plans two more during August 2010.
Equal Energy Ltd will support this increased development by deferring drilling on the Hunton project, a liquids rich prospect located in Oklahoma. The company’s original capital plan called for drilling four horizontal wells in 2010 at the Hunton project, but due to the deferral the company will now spud only one well here.
The shift in capital will not impact the company’s guidance on production for 2010. Equal Energy Ltd. said that oil and gas production for 2010 would be toward the lower end of a range between 9,200 and 9,700 barrels oil equivalent per day.
Equal Energy Ltd. is an oil and gas exploration and production company with properties in the United States and Canada. The company’s other properties are located in British Columbia and Saskatchewan.
For more information on the company, go to http://www.equalenergy.ca/
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Friday, July 30, 2010
LPath, Inc. (LPTN.OB) Receives $3 Million Grant from the National Eye Institute BRDG-SPAN Program
Lpath, Inc. announced today that it was awarded a $3 million dollar grant by the National Eye Institute’s BRDG-SPAN Program. This is the maximum amount of the program which is designed to accelerate the transition from the development to commercialization of innovative technologies that improve human health, advance the mission of NIH, and create significant economic stimulus. The funds will be used to support Phase II clinical development of Lpath’s iSONEP™ for the treatment of exudative (or wet) age related macular degeneration (AMD) and possibly other ocular disorders.
AMD is a medical condition that usually affects older adults which results in a loss of vision in the center of the visual field (the macula) because of damage to the retina. It occurs in “dry” and “wet” forms. It is a major cause of visual impairment in older adults (>50 years). Macular degeneration can make it difficult or impossible to read or recognize faces, although enough peripheral vision remains to allow other activities of daily life.
Lpath is the recognized category leader in lipidomics-based therapeutics, an emerging field of medicine that targets bioactive signaling lipids for treating a wide range of human disease. Lpath’s ImmuneY2™ drug-discovery engine has the unique ability to generate therapeutic antibodies that bind to and inhibit bioactive lipids that contribute to diseases like wet AMD.
Unlike Lucentis® and off-label use of Avastin®, the 2 primary drugs used to treat wet AMD, iSONEP is designed to target the underlying cause of AMD. Lucentis and Avastin primarily target a single growth factor, VEGF, and typically only result in temporary improvements. The underlying choroidal neovascular (CNV) lesion does not regress much, if at all.
Dr. Roger Sabbadini, Lpath’s founder and chief scientific officer, commented, “Lpath is grateful to the NEI for its generosity and for recognizing the significant value of funding further clinical development of iSONEP. We believe this substantial financial commitment further validates Lpath’s novel approach of targeting bioactive lipids.”
Scott Pancoast, chief executive officer of Lpath, added, “Given how few of these grants are given, it is an honor to be a recipient. The award reflects the strength of our Phase I iSONEP data and the promise overall of our iSONEP program.”
Lpath was partnered with Merch KGaA (Darmstadt, Germany) on ASONEP ™, Lpath’s anti-cancer drug candidate. Recently, Lpath rejected Merck KGaA’s Proposal to extend the opt-in deadline citing terms in the agreement as not being in the best interest of Lpath or its stockholders. The termination became effective April 24, 2010. Lpath is actively seeking to re-partner its ASONEP program.
Lpath has successfully completed Phase I trials with ASONEP. Pre-clinical research showed strong efficacy signals in animal models involving renal cell carcinoma, prostate cancer, neuroblastoma, ovarian cancer, and lung cancer. Phase 1 trial demonstrated an excellent safety profile and produced evidence of pharmacological activity in cancer patients.
More information on Lpath, their compounds in development and the investment opportunity that the company presents can be found at www.lpath.com.
Let us hear your thoughts below:
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AMD is a medical condition that usually affects older adults which results in a loss of vision in the center of the visual field (the macula) because of damage to the retina. It occurs in “dry” and “wet” forms. It is a major cause of visual impairment in older adults (>50 years). Macular degeneration can make it difficult or impossible to read or recognize faces, although enough peripheral vision remains to allow other activities of daily life.
Lpath is the recognized category leader in lipidomics-based therapeutics, an emerging field of medicine that targets bioactive signaling lipids for treating a wide range of human disease. Lpath’s ImmuneY2™ drug-discovery engine has the unique ability to generate therapeutic antibodies that bind to and inhibit bioactive lipids that contribute to diseases like wet AMD.
Unlike Lucentis® and off-label use of Avastin®, the 2 primary drugs used to treat wet AMD, iSONEP is designed to target the underlying cause of AMD. Lucentis and Avastin primarily target a single growth factor, VEGF, and typically only result in temporary improvements. The underlying choroidal neovascular (CNV) lesion does not regress much, if at all.
Dr. Roger Sabbadini, Lpath’s founder and chief scientific officer, commented, “Lpath is grateful to the NEI for its generosity and for recognizing the significant value of funding further clinical development of iSONEP. We believe this substantial financial commitment further validates Lpath’s novel approach of targeting bioactive lipids.”
Scott Pancoast, chief executive officer of Lpath, added, “Given how few of these grants are given, it is an honor to be a recipient. The award reflects the strength of our Phase I iSONEP data and the promise overall of our iSONEP program.”
Lpath was partnered with Merch KGaA (Darmstadt, Germany) on ASONEP ™, Lpath’s anti-cancer drug candidate. Recently, Lpath rejected Merck KGaA’s Proposal to extend the opt-in deadline citing terms in the agreement as not being in the best interest of Lpath or its stockholders. The termination became effective April 24, 2010. Lpath is actively seeking to re-partner its ASONEP program.
Lpath has successfully completed Phase I trials with ASONEP. Pre-clinical research showed strong efficacy signals in animal models involving renal cell carcinoma, prostate cancer, neuroblastoma, ovarian cancer, and lung cancer. Phase 1 trial demonstrated an excellent safety profile and produced evidence of pharmacological activity in cancer patients.
More information on Lpath, their compounds in development and the investment opportunity that the company presents can be found at www.lpath.com.
Let us hear your thoughts below:
About QualityStocks:
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Pioneer Bankshares, Inc. (PNBI) Posts Positive Q2 Earnings
Pioneer Bankshares Inc. today posted its financial results for the period ended June 30, 2010, reporting increases across the board despite overall burdensome economic conditions. Company management acknowledged the potential threat to its operational results and said it continually monitors economic risks to identify and thwart specific trends that could negatively affect operations.
The parent company of Pioneer Bank reported net earnings of $784,000 for the period ended June 30, 2010, up 8.59 percent as compared to the $722,000 reported in the same period of 2009. Total earnings per share as of June 30, 2010 were $0.76 compared to $0.71 for the same period the year prior.
Pioneer Bankshares grew assets by approximately $6.1 million during the first six months of 2010; investments in securities available for sale increased by approximately $900,000 for the period ended June 30, 2010 as compared to total available securities for sale at December 31, 2009.
The company reported that investments in interest-bearing deposits grew by $4.7 million for the period ended June 30, 2010; investments in Federal Funds Sold decreased by approximately $1.3 million for the period ended June 30, 2010, as compared to balances as of December 31, 2009.
The company increased its loan portfolio by approximately $3.6 million, or 2.89 percent, during the first six months of 2010; deposit portfolio increased by $3.3 million, or 2.53 percent, during the same period. The growth is primarily attributed to interest-bearing demand deposit accounts.
The company said its capital position remains solid at $18.4 million as of June 30, 2010, reflecting 11.09 percent of total assets.
Pioneer Bankshares’ book value as of June 30, 2010 increased 2.47 percent to $17.83 per share compared to a book value of $17.40 per share as of December 31, 2009.
For more information visit http://www.pioneerbks.com
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The parent company of Pioneer Bank reported net earnings of $784,000 for the period ended June 30, 2010, up 8.59 percent as compared to the $722,000 reported in the same period of 2009. Total earnings per share as of June 30, 2010 were $0.76 compared to $0.71 for the same period the year prior.
Pioneer Bankshares grew assets by approximately $6.1 million during the first six months of 2010; investments in securities available for sale increased by approximately $900,000 for the period ended June 30, 2010 as compared to total available securities for sale at December 31, 2009.
The company reported that investments in interest-bearing deposits grew by $4.7 million for the period ended June 30, 2010; investments in Federal Funds Sold decreased by approximately $1.3 million for the period ended June 30, 2010, as compared to balances as of December 31, 2009.
The company increased its loan portfolio by approximately $3.6 million, or 2.89 percent, during the first six months of 2010; deposit portfolio increased by $3.3 million, or 2.53 percent, during the same period. The growth is primarily attributed to interest-bearing demand deposit accounts.
The company said its capital position remains solid at $18.4 million as of June 30, 2010, reflecting 11.09 percent of total assets.
Pioneer Bankshares’ book value as of June 30, 2010 increased 2.47 percent to $17.83 per share compared to a book value of $17.40 per share as of December 31, 2009.
For more information visit http://www.pioneerbks.com
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